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$450,000
405 SqFt
Active Under Contract
517 S Oak ST Traverse City, MI 49684
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active Under Contract
Purchase Type For Rent
Square Footage 405 sqft
Subdivision Perry Hannahs 1St
MLS Listing ID 78080066035
Year Built 1900
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
Property Description
Well-located fourplex just a short walk from all the shops, restaurants, and amenities of downtown Traverse City, making it a highly desirable location for both current and future tenants. Each of the four units features 1 bedroom and 1 bathroom, with two units on the main level and two on the upper level, all with private entrances. The property also offers a shared coin-operated laundry room in the basement for tenant convenience. Each unit is individually metered for gas and electric, providing the opportunity for a future owner to adjust utility responsibilities if desired. Each unit includes one parking space, and rents currently include utilities. Utilities currently paid by the landlord include: electricity, natural Gas / propane, water & sewer, trash collection, recycling. This is a strong opportunity to own a well-positioned multi-unit property in one of Traverse City’s most walkable locations.
Location
State MI
County Grand Traverse
Area Area28042Traversecity
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
View Y/N No
Building
Foundation MichiganBasement
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Traverse City
Others
Acceptable Financing Cash, FHA
Listing Terms Cash, FHA
Special Listing Condition Standard
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Listed by Sarah Bailey of Coldwell Banker Schmidt Traverse City
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